Sinopec Engineering signs EPC contract for Kazakhstan PP project

9:36 AM MDT | June 13, 2013 | Natasha Alperowicz

Sinopec Engineering, China’s largest engineering and construction firm, has signed a $1.85-billion engineering, procurement, and construction contract with Kazakhstan Petrochemical Industries (KPI; Astana) to build a previously announced propane dehydrogenation (PDH) and polypropylene (PP) complex at Karabatan, in the state of Atyrau, Kazakhstan. The project is being financed through a $1.38-billion loan from the Export-Import Bank of China agreed on in 2011. Sinopec at that time signed the framework agreement with KPI. The complex forms the first...